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Insurance Div. Adopts Rules to Update WC Premium Audit Procedures

By Jim Sams (Senior Editor)

Monday, July 23, 2012 | 0

The Oregon Insurance Division announced on Friday that amendments to its rules on workers' compensation premium audits and classifications were adopted on July 12 and take effect on Jan. 1, 2013.The rules change updates audit procedures involving records used to conduct audits, final audit billing disputes and classification of exposure. The rules also revise the requirements of the test audit program to:Clarify the time allowed for insurers to report audit findings to the bureau.Require insurers to report all compensable indemnity claims to the bureau.Require insurers to report compensabl...

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